Center Subaru has been acquired by Gengras Motors
The shareholders of Center Subaru have sold the company to Gengras Motors.
Center Subaru is a full-service Subaru dealer located in Torrington, Connecticut. The company was founded in 1989 and purchased by Phil Porter in 1994. Center Subaru offers a variety of new and used cars, trucks, vans and sport utility vehicles, as well as a service center that provides repairs, maintenance, inspections and parts. The company also offers financing and leasing services.
Gengras Motors is a third-generation auto dealership owner group in Connecticut and Massachusetts, which began in East Hartford in the 1930s. Gengras Motors continues to be a family-owned and operated business with 13 franchises in eight locations.
Oaklins’ team in Jacksonville acted as the lead advisor to the seller in the preparation of the sale process and due diligence, the approach and parallel negotiations with potential buyers and assisted them until closing.
Phil Porter
President and Owner, Center Subaru
Talk to the deal team
Related deals
Subaru of Jacksonville has been acquired by Shottenkirk Automotive Group
Subaru of Jacksonville (SOJAX) has been successfully acquired by Shottenkirk Automotive Group. The acquisition marks the group’s entry into both the Subaru brand and the Jacksonville market, establishing a presence in Florida while honoring the Porter family’s long-standing legacy and retaining the existing team at SOJAX.
Learn morePlain Vanilla Investments has sold its portfolio company Euphoria Mobility to Sofindev
Sofindev has reached an agreement with the shareholders of Euphoria Mobility, including private equity firm Plain Vanilla Investments, to acquire a majority stake in the company. This strategic partnership will enable Euphoria to accelerate its European expansion, reinforce its presence in the Benelux region and further enhance its product offering.
Learn moreMain Capital Partners has acquired a majority stake in CarWise and AutoDisk
CarWise and AutoDisk (together referred to as CarWise), leading providers of integrated front-, mid- and back-office ERP software for the leasing and car rental sector in the Benelux, have sold a majority stake to Main Capital Partners, a prominent European software investor.
Learn more